Lenovo posts record 3Q profits

BloombergBEIJING (Bloomberg)—Lenovo Group Ltd., which announced $5 billion of deals last month, said third-quarter profit rose 29 percent after expanding its lead in the personal computer market and gaining share in the smartphone market.

Net income climbed to $265.3 million in the three months ended December from $204.9

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Lenovo: Annual net profit rises 29%

Lenovo: Annual net profit rises 29%

Lenovo announced a 29% rise in full-year earnings, by earning a record $817m (£485m) net profit for the 12 months.
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Lenovo: Annual net profit rises 29%

published:21 May 2014

views:19

Lenovo announced a 29% rise in full-year earnings, by earning a record $817m (£485m) net profit for the 12 months.
For more news stories visit: http://www.twnd.in/
Connect with us on Social platform at: http://www.facebook.com/theworldnewsdigest
Subscribe to our YouTube Channel: https://www.youtube.com/user/fairfest...

Lenovo's latest quarter result show record profit

Lenovo's latest quarter result show record profit

Lenovo outed its financial report for the quarter ending in September 2014 and the news is great for the Chinese manufacturer. Out of $10.5 billion in revenue, the company made $262 million in profit. As of September 30, the company has $3.2 billion in net cash reserves.
Compared to last year, the company saw 7% increase in quarterly revenue with the pre-tax income also increased by 24%. Lenovo also boasts record high shipment of a total of 35.6 million smartphones, PCs and tablets.
Lenovo\'s chairman and CEO Yuanqing Yang commented that the company enjoys excellent market share gains and profit expansion. In the last month alone, Lenovo managed to close the deals on its Motorola Mobility and IBM x86 acquisitions.
In smartphone sales, the company saw a 38% rise in shipments on a year-over-year basis. This alone made it reach the fourth spot below Huawei, but Motorola\'s acquisition bumps it to third.
\"With these two deals, we are now #3 in both businesses, but we are not satisfied. We will replicate our success in PCs by outgrowing the market to challenge the top two. Mobile and Enterprise are now our new growth engines, and over time, like PCs, they will become our profit pool as well,\", he added.
Throughout the globe, Lenovo is doing extremely well with revenue from China and EMEA regions of $3.8 billion and $3 billion, respectively. The laptop sales were the largest contributor to the company\'s bottom line with $5.5 in revenue globally. Mobile devices account for 13% of the\'s total revenue, but they were down by 6% to the same period last year., seems as it\'s now presen...

Lenovo's latest quarter result show record profit

published:06 Nov 2014

views:23

Lenovo outed its financial report for the quarter ending in September 2014 and the news is great for the Chinese manufacturer. Out of $10.5 billion in revenue, the company made $262 million in profit. As of September 30, the company has $3.2 billion in net cash reserves.
Compared to last year, the company saw 7% increase in quarterly revenue with the pre-tax income also increased by 24%. Lenovo also boasts record high shipment of a total of 35.6 million smartphones, PCs and tablets.
Lenovo\'s chairman and CEO Yuanqing Yang commented that the company enjoys excellent market share gains and profit expansion. In the last month alone, Lenovo managed to close the deals on its Motorola Mobility and IBM x86 acquisitions.
In smartphone sales, the company saw a 38% rise in shipments on a year-over-year basis. This alone made it reach the fourth spot below Huawei, but Motorola\'s acquisition bumps it to third.
\"With these two deals, we are now #3 in both businesses, but we are not satisfied. We will replicate our success in PCs by outgrowing the market to challenge the top two. Mobile and Enterprise are now our new growth engines, and over time, like PCs, they will become our profit pool as well,\", he added.
Throughout the globe, Lenovo is doing extremely well with revenue from China and EMEA regions of $3.8 billion and $3 billion, respectively. The laptop sales were the largest contributor to the company\'s bottom line with $5.5 in revenue globally. Mobile devices account for 13% of the\'s total revenue, but they were down by 6% to the same period last year., seems as it\'s now presen...

Citi reports higher profit, revenue; shares rise
Citigroup is reporting earnings that beat Wall Street\'s expectations for the second quarter.
http://news.yahoo.com/citi-reports-higher-profit-revenue-shares-rise-122159479.html
New Slovenia central bank chief says no need for bailout
Bostjan Jazbec, the euro zone\'s incoming Slovenian central bank governor, said that Slovenia does not currently need international financial help to sort out its crumbling banking system although aid cannot be ruled in future.
http://feeds.reuters.com/~r/reuters/businessNews/~3/STt2y5ZijAE/story01.htm
Retail sales rise less than expected
Retail sales increased 0.4 percent last month as demand for automobiles soared, but sales of building materials fell, the government reported.
http://www.nytimes.com/reuters/2013/07/15/business/15reuters-retail-sales.html?partner=rss&emc=rss
http://www.wochit.com...

Citi reports higher profit, revenue; shares rise
Citigroup is reporting earnings that beat Wall Street\'s expectations for the second quarter.
http://news.yahoo.com/citi-reports-higher-profit-revenue-shares-rise-122159479.html
New Slovenia central bank chief says no need for bailout
Bostjan Jazbec, the euro zone\'s incoming Slovenian central bank governor, said that Slovenia does not currently need international financial help to sort out its crumbling banking system although aid cannot be ruled in future.
http://feeds.reuters.com/~r/reuters/businessNews/~3/STt2y5ZijAE/story01.htm
Retail sales rise less than expected
Retail sales increased 0.4 percent last month as demand for automobiles soared, but sales of building materials fell, the government reported.
http://www.nytimes.com/reuters/2013/07/15/business/15reuters-retail-sales.html?partner=rss&emc=rss
http://www.wochit.com...

Google and Amazon Earnings Need to Convince Fundamental Investors

Google and Amazon report after the market closes on Thursday and both will need to convince a market that is increasingly turning towards fundamentals. Investors will focus on Google\'s advertising numbers since it makes up 85% of the company\'s revenue. Amazon will have to get past critics that complain about profitability and do not want to be distracted by future project \"wow\" factor. Both stocks have performed well over the past year and have only recently began to trade down.
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Google and Amazon Earnings Need to Convince Fundamental Investors

published:29 Jan 2014

views:144

Google and Amazon report after the market closes on Thursday and both will need to convince a market that is increasingly turning towards fundamentals. Investors will focus on Google\'s advertising numbers since it makes up 85% of the company\'s revenue. Amazon will have to get past critics that complain about profitability and do not want to be distracted by future project \"wow\" factor. Both stocks have performed well over the past year and have only recently began to trade down.
Subscribe to TheStreetTV on YouTube: http://t.st/TheStreetTV
For more content from TheStreet visit: http://thestreet.com
Check out all our videos: http://youtube.com/user/TheStreetTV
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Follow TheStreet on LinkedIn: http://linkedin.com/company/theStreet
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Lenovo announced a 29% rise in full-year earnings, by earning a record $817m (£485m) net profit for the 12 months.
For more news stories visit: http://www.twnd.in/
Connect with us on Social platform at: http://www.facebook.com/theworldnewsdigest
Subscribe to our YouTube Channel: https://www.youtube

Lenovo outed its financial report for the quarter ending in September 2014 and the news is great for the Chinese manufacturer. Out of $10.5 billion in revenue, the company made $262 million in profit. As of September 30, the company has $3.2 billion in net cash reserves.
Compared to last year, the

Google and Amazon report after the market closes on Thursday and both will need to convince a market that is increasingly turning towards fundamentals. Investors will focus on Google\'s advertising numbers since it makes up 85% of the company\'s revenue. Amazon will have to get past critics that compl

Nov. 12 (Bloomberg) -- In today\'s \"Lunch Money Minute,\" Bloomberg\'s Peter Cook reports on the short time available to come to a solution on the fiscal cliff as Congress returns to Washington, D.C. on Tuesday. He speaks on Bloomberg Television\'s \"Lunch Money.\"